OFS Capital (OFS)
NASDAQ:OFS
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Earnings Data
Report Date
Jul 31, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.23Last Year’s EPS
0.25Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Negative
The call highlights meaningful operational and balance-sheet progress — including maintaining and covering the distribution, materially extending debt maturities, reducing leverage by $45.6M, and securing a tighter Natixis facility — as well as a large monetizable equity position in Fansteel. However, these positives are outweighed by notable negative trends: an ~11% quarter-over-quarter NAV decline driven by $9.1M of CLO equity unrealized losses (plus $2.3M on a nonaccrual loan), a decline in net investment income and yields, concentration risk around the Fansteel position (~26% of portfolio fair value), and expectations for further top-line pressure as deleveraging continues. Overall, the negatives appear to outweigh the positives.Company Guidance
Distribution Maintained and Covered
Quarterly distribution maintained at $0.17 per share and fully covered by net investment income of $0.18 per share (NII $2.5M), marking the second consecutive quarter the distribution was covered. Annualized yield on the quarterly distribution was 19.2% based on market price at March 31.
Balance Sheet Strengthening and Deleveraging
Total debt reduced by $45.6M over the last four quarters; fully repaid the remaining $16M of 4.75% unsecured notes during the quarter; reduced net exposure on revolving lines by $2M. Earliest remaining debt maturity extended to February 2028, with maturities now spanning 2028–2031.
New and Improved Credit Facilities
Entered a new Natixis credit facility providing up to $80M with a three-year reinvestment period and five-year maturity; coupon on new facility is 30 basis points tighter than prior BNP facility. Bank of California facility maturity extended to February 2028 (commitment reduced from $25M to $15M).
Large, Liquid Equity Position Being Monetized Option
Fansteel minority equity position had a fair value of ~$80.4M at quarter end (largest portfolio position) and has generated ~$5.1M in distributions since 2014 (~23x return on original cost). Company is actively exploring monetization to redeploy capital into income-generating assets.
Portfolio Seniority and Diversification
Loan portfolio is 98% first-lien by fair value and composed (by amortized cost) of ~64% senior secured loans, ~25% structured finance securities, and ~11% equity securities across 56 unique issuers ($308.1M fair value). Limited exposure (2.7%) to enterprise software and no ARR-based lending exposure.
Expense and Interest Cost Reductions
Total expenses decreased ~3% to $6.4M (driven in part by a $379K decrease in interest expense) and the company continues to focus on improving leverage and long-term returns.
OFS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OFS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $4.05 | $3.84 | -5.19% |
Mar 02, 2026 | $3.97 | $3.78 | -4.76% |
Oct 30, 2025 | $6.38 | $5.46 | -14.47% |
Jul 31, 2025 | $7.45 | $7.29 | -2.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does OFS Capital (OFS) report earnings?
OFS Capital (OFS) is schdueled to report earning on Jul 31, 2026, Before Open (Confirmed).
What is OFS Capital (OFS) earnings time?
OFS Capital (OFS) earnings time is at Jul 31, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OFS EPS forecast?
OFS EPS forecast for the fiscal quarter 2026 (Q2) is 0.23.